Trexquant Investment LP raised its stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 161,877 shares of the financial services provider's stock after acquiring an additional 33,714 shares during the quarter. Trexquant Investment LP owned approximately 0.30% of Veritex worth $4,397,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in VBTX. Charles Schwab Investment Management Inc. raised its stake in Veritex by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 732,865 shares of the financial services provider's stock valued at $19,289,000 after purchasing an additional 12,286 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Veritex by 37.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 56,559 shares of the financial services provider's stock valued at $1,489,000 after acquiring an additional 15,403 shares during the last quarter. Centiva Capital LP raised its stake in Veritex by 69.1% during the third quarter. Centiva Capital LP now owns 16,589 shares of the financial services provider's stock worth $437,000 after purchasing an additional 6,781 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Veritex by 11.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 114,196 shares of the financial services provider's stock valued at $3,006,000 after acquiring an additional 11,337 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Veritex in the 3rd quarter valued at about $98,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.
Veritex Stock Performance
VBTX stock traded down $1.45 on Thursday, reaching $21.19. The company's stock had a trading volume of 48,777 shares, compared to its average volume of 384,991. The company has a market capitalization of $1.15 billion, a P/E ratio of 10.91 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a fifty day moving average of $24.99 and a two-hundred day moving average of $26.71. Veritex Holdings, Inc. has a 52 week low of $18.74 and a 52 week high of $31.62.
Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. As a group, analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.
Veritex Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.78%. Veritex's dividend payout ratio is currently 41.03%.
Wall Street Analysts Forecast Growth
VBTX has been the subject of a number of research reports. Stephens decreased their price target on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Hovde Group raised shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price target for the company in a research report on Thursday, January 30th. Raymond James lowered Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Finally, DA Davidson reaffirmed a "buy" rating and set a $34.00 target price on shares of Veritex in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.90.
Check Out Our Latest Report on Veritex
About Veritex
(
Free Report)
Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.
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